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How Standardization And Automation Can Drive Your Company’s Success?

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As digital technology and modern organizational structures continue to evolve and progress at an exponential rate, many businesses must begin to look towards standardization and business process automation to facilitate and foster company success.

Business Process Automation is defined as the utilization of technology to automate various time-consuming and complex business processes. Studies have shown that 97% of IT decision-makers believe that business process automation is crucial for digital transformation.

Standardization involves developing and implementing standards for business processes as well as ensuring that all organizational functions are held to the same standards.

Therefore, your business must understand the various benefits of business process automation and standardization so that you can leverage them to drive organizational growth and long-term success.

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How To Use Low-Code To Automate Your Business Processes

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A business process is defined as a set of activities and procedures undertaken by an organization to achieve short-term and long-term goals and objectives. The structure and efficiency of your organization’s business process can significantly impact the productivity and profitability in the long run.

Well-managed business processes can help your business establish a benchmark for quality standards, reduce potential risk, avoid damaging human error, improve opportunities for cross-departmental collaboration and implement effective communication. Research has shown that effective business process management can improve customer satisfaction levels by up to 30%.

However, many business processes can be time-consuming, repetitive and tedious which can lead to employee dissatisfaction and disengagement. It may be difficult to effectively and accurately monitor and keep track of manual business processes. Therefore, many businesses are beginning to leverage the power of low-code solutions to automate various manual business processes.

Low-code automation is a visual approach to automating business processes that requires little to no coding and instead focuses on graphic on-screen guidance and drag-and-drop tools. Studies have shown that 49% of organizations that use low-code solutions have stated that they have the greatest ability to automate business processes.

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Top 10 benefits of business process automation

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Companies all over the world continually try to achieve efficiency. All the processes in a company contribute towards one goal – an optimal business design that best solves all the organizational problems while yielding the highest results. One of the most efficient tools to achieve that level of optimization is business process automation.

Automation has become an integral part of every business. According to McKinsey, approximately 31% of businesses have fully automated at least one business function. Therefore, with the growing integration of automation into various business processes, modern organizations must understand the advantages of business process automation.

Business process automation is defined as the incorporation of certain types of digital software and tools that can automate certain time-consuming and repetitive organizational tasks that would have otherwise required human intervention.

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What is a low-code business process management platform?

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Every business depends on a set of repeatable processes that a low-code business process management (BPM) platform can standardize and automate.

Every business depends on a set of broadly similar processes to facilitate the coordination of people and assets to produce information. Digitization is the key to enabling a smooth flow of that information in order to continuously enhance mission-critical operations, and this is where business process management (BPM) comes in.

That said, BPM is a commonly misunderstood term. Despite the widespread misconception, BPM is not a technology itself, but a discipline concerning how businesses analyze, measure, improve, and automate their business processes. Every business department has its own set of processes covering a diverse range of areas from product or service delivery to conducting regulatory compliance checks to handling billing and payments.

While not a technology solution in its own right, efficient BPM does rely heavily on digitization. As such, it often involves the use of intelligent approaches to automate and standardize tasks and workflows. For example, a business-critical process like fulfilling a product order is usually a repeatable and standardized operation, and that means it can be automated with the right software. Read more

What is intelligent business process automation?

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With constant evolutions in automation and digital technology, many modern businesses are now concentrating on various strategies to facilitate digital transformation. These technological advancements include the implementation and integration of automation in the workplace. Studies have shown that over 80% of business leaders reported that they are currently speeding up work processes automation.

Automation has numerous benefits that organizations can take advantage of including significantly speeding up business processes and functions. With, increasing organizational scalability, reducing costs associated with performing certain tasks manually, empowering organizational employees to work on higher-level, more intellectually stimulating tasks, and much more.

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How to use intelligent automation to improve your business processes

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Automation today has seeped into almost all the relevant aspects of the business world. From robots to automated deliveries, every organization is trying to read the benefits of automation in some way. The number of automated jobs increases by 14% every year. A survey conducted in 2017 proved that 86% of the employees believed that automation services will help them do their jobs more efficiently.

Intelligent automation is the method of automating your key business processes to increase the overall efficiency of a workplace. It is also known as cognitive automation and combines three tools- robotic process automation (RPA), business processes management (BPM), and artificial intelligence (AI).

Intelligent automation is a much sought-after technology as it delivers concrete benefits to companies. It not only simplifies processes for the human component of the workforce but can also eliminate operational inefficiencies.

Intelligent process automation is extremely relevant to business as it has diverse applications. Intelligent automation can be used by financial institutions, government bodies, manufacturing units, hospitals, schools, universities, and the list goes on. It adds improved support for collaboration in analytics, decision-management, social media integration, etc.

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How To Predict My Company’s Results

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Predicting organizational results and key company behavior is one of the most crucial processes that can help businesses foster future success, scalability, and long-term growth.

Forecasting future organizational performance has a wide variety of advantages, such as helping businesses gain valuable insight, refining existing strategies, fostering self-reflection in terms of which strategies are not effective and do not align with organizational objectives, and decreasing operational costs.

Studies have shown that 67% of businesses lack a consolidated and formalized approach to forecasting. Therefore businesses must understand how to predict company behavior.

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How to Use Low-code Development to Advance Business Process Management

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How low-code development platforms advance business process management and eliminate the costs associated with custom coding.

Adaptability and continuous improvement are two of the defining characteristics of any modern business. More than ever, success is determined by the ability to scale and adapt a business’s workflow potential in line with constantly changing demands. Business process management, or BPM, is a proven discipline intended to tackle these challenges.

BPM is the technical evolution of concepts that long predate it, such as task management, the division of labor, and production. Over the past decade, organizations have started using BPM to analyze processes, measure performance, and discover opportunities for improvement – all with the goal of improving efficiency.

Today, intelligence and automation are integral to BPM, hence the rise of the term intelligent business process management, or iBPM. Intelligence and automation come in various forms, such as the digitization of business rules and intelligent process mining. Repeatable tasks are automated, with little or no human intervention required.

The main value proposition of iBPM is the intelligent collaboration and orchestration of people, connected devices, and applications in pursuit of business goals. However, to make informed decisions and better serve customers, businesses need the right tools for accessing mission-critical information in the right context.

In many organizations, that information is scattered across a disparate array of off-the-shelf and custom-built applications. Applying iBPM to such a fragmented environment ranges from difficult to outright impossible. As a result, workers are less efficient, and customer experience suffers.

Low-code development platforms (LCDPs) offer a better solution by bridging the gap between the inherent limitations of off-the-shelf software and the high costs of developing custom apps from scratch. LCDPs enable the rapid delivery of custom business applications and empower those on the operations side to become citizen developers.

In this article, we will explore how low-code is a valuable asset to BPM.

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How Can You Make Supply Chains More Efficient

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A supply chain is defined as the chain of business processes that connect businesses, firms, information, and consumers. Studies show that 79% of companies with high-performing supply chains achieve revenue growth significantly greater than that of the average of their industries.

However, monitoring supply chain management can be an extremely complicated process if done manually, with human errors resulting in potentially disastrous results.

Therefore, implementing low-code solutions can help significantly automate and streamline a wide variety of business processes related to supply chain management.

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What Is Fleet Management Software?

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Fleet management software is defined as any software solution that enables people to perform a series of business processes related to the vehicular management of an organizational fleet.

Fleet management refers to the procurement and maintenance of vehicles, regulatory compliance management, driver management, environmental impact and operational efficiency.

As the amount of data that organizations are expected to track increases exponentially, many businesses are taking advantage of fleet management software. With it, they collect, organize and analyze data related to all aspects of vehicular fleet management.

It can help automate and streamline various day-to-day tasks associated with organizational fleet management. 42% of organizations that adopted fleet management software reported that they experienced significantly fewer safety incidents.

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